Beijing Enterprises Clean Energy acquires 100MW PV power station in Ningxia

Beijing Enterprises Clean Energy Group Limited announced on the morning of 27 Dec that its indirect wholly-owned subsidiary - Tianjin Fuhuan Enterprise Management & Consultation Co.Asian Metal Copyright As for the share transfer agreement, the buyer and the seller, Ningxia Jinxiu Longteng New Energy, Zhongning Xingye Jinxiu New Energy and EPC contractor signed debts liquidation agreement which involves debts of RMB626 million.Asian Metal Copyright, Ltd.Asian Metal Copyright Tianjin Fuhuan will acquire all shares of Ningxia Jinxiu Longteng New Energy at cost of about RMB169 million.Asian Metal Copyright signed a share transfer agreement with Xi'an Longteng New Energy Technology Development and Ningxia Jinxiu Group (the seller) on 22 Dec.Asian Metal Copyright The total amount of RMB796 million, including RMB169 million and the RMB626 million would be paid by Tianjin Fuhuan by four times.Asian Metal Copyright Tianjin Fuhuan will acquire all shares of Ningxia Jinxiu Longteng New Energy at cost of about RMB169 million.

Tianjin Fuhuan is mainly engaged in the consultation for PV power station while Ningxia Jinxiu Longteng New Energy mainly focuses on clean energy business. The latter owns Zhongning Xingye Jinxiu New Energy Co.Asian Metal Copyright signed a share transfer agreement with Xi'an Longteng New Energy Technology Development and Ningxia Jinxiu Group the seller on 22 Dec.Asian Metal Copyright, Ltd.Asian Metal Copyright The total amount of RMB796 million, including RMB169 million and the RMB626 million would be paid by Tianjin Fuhuan by four times.Asian Metal Copyright, which operates the 100MW PV power station in Zhongning of Ningxia.

As for the share transfer agreement, the buyer and the seller, Ningxia Jinxiu Longteng New Energy, Zhongning Xingye Jinxiu New Energy and EPC contractor signed debts liquidation agreement which involves debts of RMB626 million. The debts should be paid by Tianjin Fuhuan on behalf of Ningxia Jinxiu Longteng New Energy and Zhongning Xingye Jinxiu New Energy.Asian Metal CopyrightBeijing Enterprises Clean Energy Group Limited announced on the morning of 27 Dec that its indirect wholly-owned subsidiary - Tianjin Fuhuan Enterprise Management Consultation Co.Asian Metal Copyright The total amount of RMB796 million, including RMB169 million and the RMB626 million would be paid by Tianjin Fuhuan by four times.

.Asian Metal Copyright As for the share transfer agreement, the buyer and the seller, Ningxia Jinxiu Longteng New Energy, Zhongning Xingye Jinxiu New Energy and EPC contractor signed debts liquidation agreement which involves debts of RMB626 millionAsian Metal Copyright